Construct a 2013 P&L for a company with the following data and calculate eps: (NOTE: eps is NIAT available to common shareholders divided by share quantity.

Retained Earnings 12/31/12 $1,250,000

Retained earnings 12/31/13 1,600,000

A/R 12/31/13 1,250,000 (60 days DSO)

Inventory 12/31/13 1,500,000 (4 months-on-hand)

A/P 12/31/13 562,500 (45 days)

Net Profit Margin 10%

Tax Rate 30%

Preferred Dividend 2013 $100,000

Common Dividend $300,000

Common Stock 325,000 shares

Complete all line items:

Sales

COGS

Gross Profit (GP)

GP%

Expenses

NIBT

Tax

NIAT

EPS